playsicboonlineforrealmoney| Changes in Hong Kong stocks 丨 Copper prices hit peak, Jinchuan International hit a two-year high, Jiangxi Copper and Minmetals Resources hit three-year highs

Continuing its rally, copper prices on the London Metal Exchange (LME) rose again 4% to US$11104 in intraday trading today, setting a record high. Relevant concept stocks in the Hong Kong stock market collectively rose. Among them, Jinchuan International once rose more than 17% to 1.playsicboonlineforrealmoneyHong Kong dollars. 15, a new high since June 2022; Minmetals Resources once rose 9.58% to HK$4.46, a new high since May 2021; Jiangxi Copper once rose 6.7% to HK$19.1, also a new high since May 2021.

In the A-share market, Northern Copper (000737.SZ) rose daily, with Yunnan Copper rising more than 6%, and Jiangxi Copper rising more than 5%.

Copper prices rose to a record high as investors flocked to the copper market in anticipation of supply shortages. LME copper futures once rose more than 4% to US$11,104.50 per ton, surpassing the previous record level set in March 2022. LME copper prices have risen more than 28% since the beginning of the year. Analysts believe that the sudden tightening of ore supply has exacerbated such a possibility.playsicboonlineforrealmoney: That is, if smelters respond by reducing refined copper production, the global market may face a supply shortage earlier than expected.